State of Wyoming lifted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO – Free Report) by 701.3% during the third quarter, Holdings Channel reports. The fund owned 12,525 shares of the financial services provider’s stock after acquiring an additional 10,962 shares during the period. State of Wyoming’s holdings in CNO Financial Group were worth $663,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of CNO. Fortitude Family Office LLC boosted its holdings in CNO Financial Group by 156.9% in the third quarter. Fortitude Family Office LLC now owns 483 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 295 shares during the period. IFP Advisors Inc increased its holdings in CNO Financial Group by 38.4% during the 2nd quarter. IFP Advisors Inc now owns 713 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 198 shares during the period. Nykredit A S purchased a new stake in CNO Financial Group during the 2nd quarter worth about $39,000. Bessemer Group Inc. raised its position in CNO Financial Group by 75.4% in the 1st quarter. Bessemer Group Inc. now owns 1,133 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 487 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in CNO Financial Group by 72.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,132 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 474 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting CNO Financial Group
Here are the key news stories impacting CNO Financial Group this week:
- Positive Sentiment: Major earnings beat: Third-quarter net operating income rose to $179.1 million, or $1.90 per diluted share, versus the roughly $1.09–$1.10 analyst consensus. Net income reached $161.1 million, or $1.71 per share, compared with $23.1 million, or $0.24 per share, a year earlier. CNO Financial Surpasses Q3 Earnings and Revenue Estimates
- Positive Sentiment: Guidance increased: CNO raised its 2026 operating EPS guidance, with the midpoint 9% above its prior forecast. The company also repurchased $60 million of stock during the quarter, buying 1.1 million shares at an average of $54.52. CNO Financial Group Reports Third Quarter 2026 Results
- Positive Sentiment: Capital and risk-management actions: CNO completed a reinsurance transaction covering approximately $270 million of Colonial Penn in-force graded-benefit life statutory reserves. The move, part of its captive/reinsurance strategy, may improve capital efficiency and reduce exposure to legacy liabilities. CNO Moves Colonial Penn Reserves to Bermuda
- Neutral Sentiment: Reported revenue of approximately $1.09 billion exceeded estimates near $1.01 billion, but the top line declined from $1.189 billion in the prior-year quarter. The favorable earnings impact also included $44.9 million from significant items, making some of the improvement less recurring. CNO Financial Group Q3 Net Operating Income Rises
- Negative Sentiment: Insider-trading data showed 18 sales and no purchases over the past six months. In addition, previously published analyst targets around $48–$50 are below the current trading range, suggesting valuation and expectations could limit further upside.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Keefe, Bruyette & Woods upped their target price on shares of CNO Financial Group from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Zacks Research raised shares of CNO Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Jefferies Financial Group downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating and lifted their price target for the stock from $53.00 to $55.00 in a research note on Friday, July 10th. Finally, Capital One Financial set a $70.00 price target on shares of CNO Financial Group in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $56.00.
Check Out Our Latest Stock Analysis on CNO Financial Group
CNO Financial Group Stock Performance
Shares of CNO Financial Group stock opened at $57.48 on Monday. The firm has a market capitalization of $5.32 billion, a P/E ratio of 13.12 and a beta of 0.80. CNO Financial Group, Inc. has a 52 week low of $38.99 and a 52 week high of $57.70. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.95. The firm’s 50 day moving average is $54.52 and its two-hundred day moving average is $48.47.
CNO Financial Group (NYSE:CNO – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.80. CNO Financial Group had a net margin of 9.19% and a return on equity of 22.64%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. Research analysts forecast that CNO Financial Group, Inc. will post 4.74 EPS for the current fiscal year.
CNO Financial Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 16.44%.
Insider Activity at CNO Financial Group
In other news, insider Jeanne L. Linnenbringer sold 3,919 shares of CNO Financial Group stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $55.11, for a total transaction of $215,976.09. Following the sale, the insider owned 26,209 shares in the company, valued at approximately $1,444,377.99. The trade was a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeremy D. Williams sold 4,362 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $55.72, for a total value of $243,050.64. Following the completion of the sale, the insider directly owned 61,041 shares of the company’s stock, valued at $3,401,204.52. The trade was a 6.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 47,995 shares of company stock valued at $2,641,336 over the last ninety days. Insiders own 3.44% of the company’s stock.
CNO Financial Group Company Profile
CNO Financial Group, Inc is a holding company for a group of insurance and financial services businesses focused on serving middle-income Americans, particularly individuals approaching or in retirement. Through its operating companies, CNO provides products designed to help customers protect income, manage health care expenses and prepare for retirement.
CNO’s principal brands include Bankers Life, Colonial Penn and Washington National. Its offerings include life insurance, annuities, supplemental health insurance, Medicare supplement insurance and other insurance products.
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